China is the biggest importer of Singapore's exports. A strong Chinese economy means Singaporeans can enjoy a sweet standard of living
http://www.scmp.com/news/china/econ...ndustrial-deflation-finally-ends-demand-grows
BEIJING - Factory gate prices unexpectedly rose in September – ending a period of industrial deflation that lasted for 54 months as demand for industrial goods, including coal and steel, recovered in the world’s second biggest economy, official data showed on Friday.
A rise in industrial prices is a sign of an improved business climate for China’s factories, which have been struggling with lower selling prices of their products in the past four and half years. The producer price index, or PPI, increased 0.1 per cent year-on-year in September from the same month a year earlier after a fall of 0.8 per cent in August and a decrease of 1.7 per cent in July, the National Bureau of Statistics said. The PPI has been in negative territory since March 2012.
Consumer inflation rise picked up to 1.9 per cent in September, when compared with 1.3 per cent in August.
The price data partly confirmed Premier Li Keqiang comments made earlier this week that China’s third-quarter economic performance was better than expected with a surveyed jobless rate in major cities in September falling below 5 per cent for the first time in years.
As China’s consumer inflation remains within the 3 per cent annual target, market watchers have focused more on industrial prices to gauge the state of the economy as the changes are relevant to industrial firms’ profitability and accordingly affect their investment demand.
http://www.scmp.com/news/china/econ...ndustrial-deflation-finally-ends-demand-grows
BEIJING - Factory gate prices unexpectedly rose in September – ending a period of industrial deflation that lasted for 54 months as demand for industrial goods, including coal and steel, recovered in the world’s second biggest economy, official data showed on Friday.
A rise in industrial prices is a sign of an improved business climate for China’s factories, which have been struggling with lower selling prices of their products in the past four and half years. The producer price index, or PPI, increased 0.1 per cent year-on-year in September from the same month a year earlier after a fall of 0.8 per cent in August and a decrease of 1.7 per cent in July, the National Bureau of Statistics said. The PPI has been in negative territory since March 2012.
Consumer inflation rise picked up to 1.9 per cent in September, when compared with 1.3 per cent in August.
The price data partly confirmed Premier Li Keqiang comments made earlier this week that China’s third-quarter economic performance was better than expected with a surveyed jobless rate in major cities in September falling below 5 per cent for the first time in years.
As China’s consumer inflation remains within the 3 per cent annual target, market watchers have focused more on industrial prices to gauge the state of the economy as the changes are relevant to industrial firms’ profitability and accordingly affect their investment demand.
